Show B6 The Salt Lake Tribune Some Fear Sharp Devaluation Of Mexican Peso After NAFTA at the Washington-baseInstitute for International Economics said he anticipates a fairly substantial devaluation some time next year Under Mexico's present peso policy the profit margins of most international trading companies in Mexico have become "badly squeezed" a problem that is "dominating Mexican business conversations" he said But he also doubts there will be a devaluation before Congress acts to bring the NAFTA into force generally expected to be late this year Otherwise a significant peso devaluation could have a "very negative" political impact here on the NAFTA approval process Hufbauer said to He estimated that a 10 20 devaluation would stop the US trade surplus with Mexico from growing or would reduce it modestly By boosting interest rates since last spring Mexico has implicitly acknowledged that attracting a high rate of investment has become more of a problem Free-Trad- Agreement takes e force and thereby reduce the US trade surplus with Mexico Mexico could play "a nasty trick" on its US supporters through such a devaluation Jorge Castaneda a Mexican visiting professor at Princeton University warned a House committee last month He said such a devaluation would aim to "sharply reduce" US exports to Mexico He is one of several trade experts anticipating a peso devaluation The United States which until two years ago was in chronic deficit with Mexico last year scored a '' Trade IMMBIZONEENISIM ett- account manager Keith Hill joined the company as manager of its newly formed technology unit Jeff Godfrey is promoted to art director 1 (-- Owyn Anderl Keith Colson Greg Jensen and Jim Thornton joined the staff of Intermountain Financial Group a Salt Lake affiliate of Connecticut tual d City-base- re- ' 4 -- ' -- Fetzer Ms LI gal CI Our most populat 4 drawer Full Suspension commercial file at our lowest Cash & Carry Price Tropic Sand Color 9888 Hon 500 Sodas CI Ht 21 Usk $23000 so -- - - -- A 14A wan 'e '' - V 1"11 Get Both tile Momillg - ' mg"' and Eve::t--- Paper 1 4116182111111 I 16—""1"' it) -- -- --- in)' -- i wit 4 Brown Ms t40-A 0satsars "It I oma) is now accepting applications for p The Executive Bachelor of Business Administration Program (provides last 70 hours to complete i and The Executive Master of Business 49 Mr Hill 14441:0fr I Administration Program Class BEGINNING SEPTENIBER 1993 I Mr Anderl Ms King Mr Godfrey -- Mr Jensen 1- -o ' Broker" ' p a ibniner 1 Mr Van Boerum PRICES file only 4091 RIVERDALE RD OGDEN PH 392-750- 1 $30 Schwab 110 118 166 84 90 128 109 118 165 60 100 125 Quick & Reilly Fidelity Olde 53 70 138 201 265 483 Waterhouse Merrill Lynch fhOltm are or Paster tor verbal ordemand are not oaten PO Mtnennon Sunvs 1 For further information call (801) or fax (801)585-EXE- i SScottsdale 21995 sot C "Building Foundations for Business Leadership" - dependent 2191 - 1M 1 Sserstarial &she as Call tow as $I 9995 Soo us today wtth you furniturs moods 11 or 2 m Call for a eanspleto coatmitaloa schedtde Parkin!:o 1 Over 30 Offices Nationwide IMMINIMMEINIEMP' MOINEMENEIMMIk 322-112- Inc 166 IIMINEilv 'qini11V Ther2s basis e "No waiting in lines a with customers and higher rates We're definitely a special kind of bank" first-nam- CompdJ--:o- n Whether for business or pleasure the next time you fly bring your car over to Diamond Airport Parking and try us out Compare the prices between Diamond and the competition and discover how much you'll receive for how little it costs OPEN PARKING "At American Investment Bank we offer very special services for our customers We can really spend time with them and help them understand their savings Options We're savings specialists and our customers really trust us" : $ Deposit Money Market Accounts and IRAs At American Investment Bank we know that Barbie Savings Specialist II — - $'6! 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-- - " ) -' 14- :- 1 i ' A P NI 5 WU I 12888 l 4 —di? limited to '1g1M0116Ait11 Inc ball bearing full A ihmyt NiA44914'"‘ Some 5EVY - an undergraduate degree) Class BEGINNING JUNE 1993 Pneumatic height adjustment easily creates the best individual comfort grey fabric with black base 1001 Areas in addition to Salt Lake t 1 - Ms Hall Aar 44 - 1r n p- Mr Colson O loom ' NY ny ''""" - " r ii Our Low Price Guarantee: If anyone is mazy enough to WI tha IdontIcal Nom we WI tor Iwo show us and you'll gat the Iowa erica plus 10 oleo dIffarence as a credit toward your nod purchaw we us today for Walls IHIECEINI' - eo j I 1 - ' mak Council 4'"Ii ti Warner '11 N award from the Utah Engineers - - j ti PFC''JuSA''r Howard Van Boerum - with suburbs experiencing income declines were Fresno Calif Cincinnati Portland Ore Las Vegas Kansas City Mo Buffalo NY Tucson Ariz Detroit Tulsa Okla Louisville Ky Oklahoma City Okla Denver Cleveland Akron Ohio Pittsburgh Houston and New Orleans Salt Lake City Fresno Portland Ore and Las Vegas experienced slight increases in real median household incomes City OPEN HOUSE IF ceived the "Engineer of the Year" I Ms Done 11 Bates Pons is director of fund development and publications at the YWCA Salt Lake City d I : Richard Rosa is director of food and beverage at the Holiday Inn Downtown Salt Lake City Stephanie King is senior research analyst at Paria Group an marketing research firm 4 4 Arthur Bradey is European general manager for Dynix Inc Provo which markets library automation systems - ' : 'C''17 ' Calif New York San Jose Calif Boston Middlesex NJ Newark NJ Hartford Conn Bergen NJ Anaheim Calif New Haven Conn Washington San Francisco Worcester Mass Oakland Calif San Diego Ci Philadelphia Raleigh NC Honolulu Los Angeles Providence RI Riverside Calif Baltimore West Palm Beach Fla and Alba- PRESS found that household incomes inside and outside city limits tend to rise and fall toiether The report by the National League of Cities showed that while incomes declined in 18 suburbs in the 1980s incomes also fell in nearby cities in all but four locations And in 25 areas with rapidly growing suburbs there was in each case similar growth in median household income in the nearby cities Of 78 metropolitan areas studied including Salt Lake City city and suburban incomes were parallel 82 of the time the report concluded The 25 areas with rapidly growing incomes in cities and suburbs were Bridgeport Conn Oxnard - i ' 1'a tation Institute Sandy Jack B Parson Jr is the president of The Associated General Contractors Utah chapter public-re- J t THE ASSOCIATED WASHINGTON — The economic fate of city dwellers and suburbanites is closely linked accorling to a new study which N I "' 1 Ed Peterson is the director of marketing for Western Rehabili- Heather Hall iis promoted to art director at Penna Powers Cutting & Haynes Salt Lake City Paulette Brown is promoted to Orem-base- r 4 - - Lisa Warner is a designer for The Summit Group an advertising agency in Sugarhouse Marsha G Fetzer is an account executive lations 4' 4 March 9 1993 Study Links Economic Fate of Urban Suburban Dwellers d record $54 billion surplus according to Commerce Department reports Worldwide Mexicos merchandise trade deficit last year jumped to about $20 billion according to unofficial estimates and some economists believe it will swell further this year Partly behind those trade patterns is an overvalued peso Although the Mexican government is methodically letting the peso depreciate against the dollar by about 45 a year it does not offset Mexican inflation which last year ran 1270 An overvalued peso reflects a deliberate Mexican effort to contain inflation But it makes Mexican producers less competitive reducing their ability to earn dollars and other hard currency Gary Hufbauer a senior fellow JOURNAL OF COMMERCE WASHINGTON — Several trade experts are warning that Mexico could devalue sharply the peso after the North American BUSINESS Tuesday st -- - NOAllehliAft4MoMIN4M4 |